Electricity Saving Tips For Homes And Offices

Solar Panel Price in India

By on May 3, 2015

Electricity is becoming expensive with each passing day and more people are getting interested in using solar energy to meet their electricity needs. Power cuts and dependence on DG sets is making people look for more and better sources. Solar PV panels provide a very good alternative. Ministry of New and Renewable Energy (MNRE), Government of India is also promoting solar PV systems under the Jawaharlal Nehru National Solar Mission in the country. They also provide subsidy to people buying solar panels under this scheme. There are a lot of people keen in buying solar panels in India so we thought of doing a research on price of solar panels. Below is our research on price of solar panels:

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As per our resources from the solar PV industry, cost of a PV module (just the panel) costs anywhere between Rs 30 to Rs 60 per watt of power generated (depending on the quantity you are buying). A good imported module will cost around Rs 40-45 per watt (for bulk transactions, not for retail). Good ones manufactured in India would come as low as Rs 30-32 per watt (for bulk transactions, not for retail). Please note that this is the cost for the panel and in case you are looking for inverter and batteries, the cost would be additional. A good 5 kW system for a home would cost around Rs 5-7 lakhs to setup (at retail price of around Rs 50-60 per Wp) , which can provide electricity for 25 years. The additional operating cost will include the cost of replacing the batteries.

MNRE provides 30% capital subsidy on capital expenditures for rooftop solar systems for both commercial and residential entities for systems up to 100 kW. The government also provides loans at 5% per annum for 50% of the capital expenditure for 5 years tenure for both commercial and residential entities. Commercial entities can claim either capital or interest subsidies. (note: As on October 2014, we have heard from several vendors that subsidy is hard to get, as either the applications are not being processed or taking quite a lot of time to get processed. Please check with your vendor if they will be able to get you subsidy or not.).

MNRE has also published a list of authorized suppliers and manufacturers that is available at the links: http://bit.ly/1nEVoJh and http://bit.ly/1qyMv8D

We have also started doing some research on the prices of Solar PV Panels from various manufacturers in the country and here are some numbers from a good indian manufacturer (for bulk transaction) and some retail vendors/suppliers (for retail/small transactions):

Bulk Prices (click to expand)

Products Inputs / Watt Price / INR
Special SPV Mono 180W / 190W Rs. 34/W
Special SPV Multi 230W,240W, 245W, 280W,290W Rs. 32/W
SPV Mono 10W Rs. 53/W
SPV Mono 20W – 30W Rs. 43/W
SPV Mono 30W – 300W Rs. 41/W
SPV Multi 10W Rs. 50/W
SPV Multi 20W – 30W Rs. 40/W
SPV Multi 30W – 300W Rs. 38/W
Thin Film Multi SPV 100W Rs. 32/W

Retail Prices (click to expand)

Products Inputs / Watt Price / INR
SPV Polycrystaline Module 3W Rs. 89/W
SPV Polycrystaline Module 5W Rs. 85/W
SPV Polycrystaline Module 10W to 15W Rs. 65/W
SPV Polycrystaline Modules 18W to 40W Rs. 61/W
SPV Polycrystaline Modules 50W to 75W Rs. 59/W
SPV Polycrystaline Modules 100W to 200W Rs. 57/W
SPV Polycrystaline Modules 220W to 300W Rs. 52/W

Please note that Mono is for Monocrystaline PV cell and Multi is for Multicrystaline (or Polycrystaline) PV cell. The difference between the two is that Monocrystaline is made of single silicon crystal whereas Multicrystaline PV is made up of multiple crystals. A monocrystaline is more efficient in converting solar energy into electricity per sq meter area than a multicrystaline PV. Thus the space required for the same amount of wattage is less in monocrystaline PV panel. Thus it is costlier than a Multicrystaline PV. The choice between the two depends on the area that you have for PV installation. Also the price increases as you decrease the panel wattage. So smaller the panel you buy, costlier it is.

More details on Solar PV roof top systems are also available on our link: Roof-Top Solar PV system project for home and office

Understand more about basics of Solar PV systems on our link: Solar electric, solar thermal, power generation, inverters, grid, off-grid: clearing the cobweb

Understand more about how to get NABARD subsidy on Solar PV Systems: Procedure to get subsidy on Solar PV Systems through NABARD in India



Guest
Anil pal
May 27, 2015

Please send me price of solar panel & detail.

Guest
Vinay kumar
May 26, 2015

Contact for Solar grid solutions for Institutes, hospitals, malls, industrial areas and large scale plant 200 kva to 10 MW. Our manufacturers have very vaast experience in this field. We provide services across India at very nominal rate which are competitive in market.

For any query, please feel free to contact us at +91-9312700996

Guest
Lalit Goyal
May 25, 2015

Hi All,

We are providing customized solar solutions with most efficient systems in India. We are providing world class products in our projects.

We design our system as per Indian Standards. Our structure will sustain in storms too. We are providing technical consultancy to lots of solar companies.

We are providing free consultation to the interested people.

For any query, please feel free to contact us at +91-8527652687 or mail us at [email protected]

Thanks
Next Engineering

Guest
Alok Kumar
May 24, 2015

Please guide me as to how to start the commercial solar energy project in one remote village of Bihar adjoining Nepal. I’ve sufficient space for the same. Please provide the complete project along with mode and amount of finance available, rate of intt of loan available, expenditure for maintenance of the panels etc.

Regards
Alok Kumar

Guest
Sanchit
May 24, 2015

I want Solar Panel to be installed, 2 KVA for my Educational Institution , Kindly Call-9041930180

Guest
Lalit Goyal
May 25, 2015

We are providing customized solar solutions with most efficient systems in India. We are providing world class products in our projects.

For any query, please feel free to contact us at +91-8527652687 or mail us at [email protected]

Guest
rinku
May 24, 2015

Hi sanchit ,
We provide solar power system in India please contact 08766199346

Guest
vinay kumar
May 24, 2015

Contact for Solar grid solutions for Institutes, hospitals, malls, industrial areas and large scale plant 200 kva to 10 kw. Our manufacturers have very vaast experience in this field. We provide services across India at very nominal rate which are competitive in market.

For any query, please feel free to contact us at +91-9312700996

Guest
anandkesarwani
May 23, 2015

hi i want start to solar panel busniess in my shop kikdly help me.
regards
Anand Kesarwani 8565842665 Allahabad uttar pradesh india

Guest
Ranjit Singh
May 22, 2015

I want Solar Panel to be installed, 2 KVA for my Educational Institution , Kindly Call-09417110162.Send me price list complete my I.D.—[email protected]

Guest
Vikash
May 22, 2015

I want Solar Panel to be installed, 2 KVA for my Educational Institution , Kindly Call-9470807900

Guest
SUSHIL GUPTA
May 21, 2015

Hi
I want 2 kW solar panel .
Please tell me about it cost & efficiency .

Guest
Lalit Goyal
May 25, 2015

Hi Sushil,

We are providing customized solar solutions with most efficient systems in India. We are providing world class products in our projects.

For any query, please feel free to contact us at +91-8527652687 or mail us at [email protected]

Guest
rinku kumar
May 21, 2015

Hi sushil
We can provide solar panels in India any questions please contact 8766199346

 
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